The Real Reason Behind Bitcoin’s Drop From $126,000 To $95,000 In 6 Weeks
Posted On November 17, 2025
Bitcoin’s (CRYPTO: BTC) fall from grace has sparked debate about whether the decline was driven by long-term holder (LTH) distribution or a wave of short-term panic selling.
What Happened: According to CryptoQuant, the decline was overwhelmingly driven by short-term holder (STH) capitulation, not long-term investor selling.
- STHs repeatedly selling at a loss, with coins under three months old dominating spent volume during the steepest drops.
- Forced deleveraging and liquidations as these newer holders exited aggressively.
- LTH selling did …
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